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Gced L1 Week4 SDG8 Buddy
Gced L1 Week4 SDG8 Buddy
Increases in capital goods, labor force, technology, and human capital can all
contribute to economic growth.
Economic growth is commonly measured in terms of the increase in aggregated
market value of additional goods and services produced, using estimates such as
GDP.
References:
https://www.investopedia.com/terms/e/economicgrowth.asp
PROBLEMS IN THE COUNTRY
REGARDING SDG8
1. Underemployment
On the other side, solution analysis revolves around the evaluation of the
identified/formulated policy alternatives being proposed for Bureau of Local
Employment consideration is to continue JobStart implementation (status quo or
no action alternative, terminate implementation of JobStart Program and replace
it with Enterprise-led Learning Networks (ELLN), and continue implementing
JobStart and then introduce ELLN as a complementary program. Having sustained
economic growth is another way for the government to address the problem of
unemployment. When there is economic growth, employers will be more willing and
able to employ more workers. This helps to address the issue of unemployment.
However, this is a long term strategy that takes a lot of time to see results.
No. 1 solution:
ADB presents study on underemployment in the Philippines to DOLE | Institute for Labor Studies. (n.d.).
Institute for Labor Studies. Retrieved September 18, 2021, from https://ils.dole.gov.ph/adb-presents-study-on-
underemployment-in-the-philippines-to-dole/?
fbclid=IwAR3q3mxFg8VBOMOSW363ar32ymaT2OV44DNbScByL9zCP4QynrKw-rfWF0c.
Bertulfo, D. J. (2020). COVID-19 labour market impact in the Philippines: assessment and national policy
responses.
These instruments resolve that tackling youth employment requires an integrated approach, one
that combines supportive economic policies and targeted measures addressing labour demand and
supply, as well as the quantity and quality of employment. Adhering to the conclusions of the
above-mentioned Resolutions, YEP’s services to constituents go along the employment policy cycle,
from policy formulation to assessing the impact of youth employment interventions. Social dialogue
and the enhancement of national capacities are central to the programme’s intervention model at
the country level. YEP concentrates on knowledge development and dissemination, technical
assistance at the country level, and advocacy and partnerships (72 ). The programme’s operates
through a network of specialists from different ILO offices and technical units (see: ILO
Capacity).
The importance of social dialogue in promoting youth employment may be illustrated by the
engagement of governments and social partners in a large number of countries to put forward the
integrated approach to youth employment advocated for by the ILO.
REFERENCES
https://www.ilo.org/global/topics/dw4sd/themes/youth-employment/lang-
-en/index.htm
https://www.weforum.org/agenda/2016/01/3-ways-we-can-tackle-youth-
employment/
https://www.afd.fr/en/actualites/5-challenges-employment-developing-
countries
PROBLEMS IN THE COUNTRY
Genfer Equality in REGARDING SDG8
the Workplace
The gender pay gap is one of the greatest social injustices of today.
According to the ILO, a woman with the same education and skills can earn
20% less than a man. Also, women are more likely to be part-time workers
than men. Gender inequality in the workplace is an important topic to
consider as you grow and develop your business. Discrepancies with gender
inequality may occur, and your business should take the necessary steps to
make your workplace as equal, inclusive, and diverse as possible.
No. 3 solution:
Begin a pay audit to consider conducting a pay audit to see if your male and female
employees are paid comparably. This may help you identify if you offer equal
employment opportunities to all employees. The best way to do this is to seek help
from an HR professional, outside source or to do it yourself using a spreadsheet. The
spreadsheet you use to conduct the audit should have sections for employment
positions, education, performance, and experience to help you notice gender pay gaps.
Promote work-life balance that flexibility is also something many people look for when
evaluating whether they want to work for a company. This option is especially
appealing for parents who may need flexibility to better balance a career and raising
children. Many companies are addressing this by offering employees the option to work
from home part-time or full-time or by giving them the option of telecommuting.
REFERENCES
https://www.indeed.com/recruitment/c/info/gender-inequality-in-the-
workplace
DECENT WORK REAL CASE STUDY
To possibly help the retrenched workers, government should implement these two:
1Provide credit Lending for those workers should be encouraged in this
pandemic.
Payments remitted by businesses should be deferred by governments.
The government should temporarily stop the collection of taxes which will help to
conserve needed operating capital and so that a company could provide enough
salary for their needed workers.
ECONOMIC GROWTH REAL CASE
STUDY
Due to the pandemic caused by COVID-19, some companies are experiencing bankruptcy and
other small businesses were closed. Many people were in deep financial trouble even before the
government ordered to have a temporary suspension of companies and businesses to control the
spread of the said virus. In this kind of situation the economic stability of the country were
affected. In order to save the deficiency the government must provide a financial support to
the affected companies or businesses by giving them some consideration about tax collection.
However, some businesses have glowed up in this time of pandemic such as delivery services,
online shopping, food services and the likes. The said type of services should be given some
assessment about tax payment. The government should give consideration in allocating the taxes
of such business line since they are commonly popular nowadays.
Cabarrubias | Habasa
Hernandez | Pedrano
Sarmiento | Tapic